Even as stablecoins enter a period of peak expectations, veterans in wider fintech circles see limitations to the tokens as an emerging payments tool. Stablecoin transaction volumes have already hit $5 trillion across one billion payments so far in 2025, not far shy of the 2024 total of $5.7 trillion, according to data from Visa and Allium. The combined value of these cryptocurrencies — designed to closely track the price of established currencies like the US dollar — has grown 47% to $255 billi...